The Performance of Non-Listed Opportunity Real Estate Funds in China - new publication by Martin Hoesli
Purpose – Opportunity real estate funds are an important style of real estate investing for institutional investors seeking non-listed real estate exposure. Importantly, institutional investors have sought exposure to the China real estate market, often via opportunity real estate funds. This has been by a pure China opportunity real estate fund (100% China opportunity real estate) or by a pan-Asia opportunity real estate fund where China opportunity real estate was part of this pan-Asia opportunity real estate portfolio.
Using two bespoke China opportunity real estate indices developed by Prof. Hoesli and his co-authors, the new paper assesses the risk-adjusted performance and portfolio diversification benefits of China opportunity real estate in a mixedasset portfolio over 2008-2020. It also highlights critical issues for institutional investors going forward to factor into their real estate investment decision-making for effective China real estate exposure.
The paper was co-authored with Graeme Newell, Jufri Marzuki, and Rose Neng Lai, and is forthcoming in the Journal of Property Finance and Investment.
Feb 10, 2023